Question

Organizational Project Guidelines

For your Project, please select any company (or your own). Don’t select one a fellow student has already taken. As you select your company, I’ll post that company so that everyone looks at a different company.

Begin your research on the Internet to find current information on this company. Consider looking at their financial information listed on their web site, or going to www.sec.gov.

In our Quantitative Analysis class, we have covered many topics, including Probability, Decision Analysis, Regression Models, Forecasting, Inventory Control, Linear Programming, Transportation, Network Models, Project Management, and Queuing.

Select any five topics we have covered in class and write your Project telling how they are used or should be/could be used by the company of your choice. The more specific you can be with details and research, the higher the grade. This paper must represent a quantitative approach to your analysis.

The paper must be in APA format. The minimum length of the paper will be 2,000 words. This word count does not include title page, reference sheet, long quotes, and graphs. 90% or more of these words MUST be your OWN WORDS/IDEAS. Referenced material (quotes and paraphrases) and tables, graphs, and charts may not be more than 10% of the paper.

See your course syllabus (Course Evaluation section) for further information about how this project will contribute to your overall course grade. You will be assessed in the following areas:

• Quantitative approach to five course concepts (quantitative content)
• Writing Style and Mechanics including appropriate APA citations
• Project Presentation including work count and APA formatting

Answer 1

Decision Analysis:

Management invariably encounter's situations in in which uncomfortable decisions must be made in some cases, the difficulty maybe that certain alternative choice are there. The choice are not readily apparent.

A decision tree is a graphical diagram consisting of notes and branches.

Forecasting :

Businesses forecasting is a critical step in the creation of any business plan. Forecasting is almost never completely accurate but it helps companies look at the big picture. Some additional advantages are

Helps to predict future

Keep your customers happy

Learn from the past.

Keeps companies looking ahead.

Saving on staffing costs.

Remain competitive.

Receive financing.

Reduce inventory costs .

Helps prepare for a drop in sales

Prepare for new business.

Inventory Control:

Inventory control is something that should be front of mind for anyone in the wholesale distribution business. Inventory control involves having greater oversight over stock.

Inventory control is very important to maintaining the right balance of stock in your Warehouse.

There are many different ways to keep control of your inventory.

Operations management.

Logistics.

Supply chain management.

Loss prevention.

Queuing Theory:

Queuing Theory is anyone's favorite activity , it's the cornerstone of efficiency and organization for many companies. At any given moment there can be more people or cases needing service, help or attention than than an organization can handle. Queue's help workers and management track , prioritize and ensure the delivery of services and transactions.

Queuing Theory is used in service industry.

Queuing Theory is used in process approach.

Queuing Theory is used in tracking.

Queuing Theory is used in timeliness.

Queuing Theory is used in assessments.

Project Management:

Project Management is a growing field used increasingly by businesses of all sizes. As entrepreneur's and company executives deal with daily responsibilities of managing an organization

Defines a plan and organizes

Establishes a schedule band and plan.

Enforces and encourage teamwork.

Allocation of maximum resources.

Manages integration.

Controls costs.

Manages change.

Managing quality.

Retain and use knowledge.

Learning from failures.